Common use of Access to Properties and Inspections Clause in Contracts

Access to Properties and Inspections. Each Obligor shall maintain financial records in accordance with accounting practices and controls sufficient to allow that Obligor to prepare the financial statements, certificates and reports required by Section 6.10 hereof; and, upon written notice, at all reasonable times and as often as the Purchasers may reasonably request, permit any authorized representative or agent of any Purchaser to visit and inspect their physical properties and reports and permit any authorized representative or agent of any Purchaser to discuss their affairs, finances and condition with such officers, key employees and independent chartered accountants acting as auditors as the Purchasers shall deem appropriate. Delivery of a copy of this Agreement to the respective independent accountants acting as auditors shall constitute instructions to such accountants to discuss the financial condition of the Company with the Purchasers and their representatives, and to permit the Purchasers and their representatives to inspect, copy and make extracts from all financial statements, analyses, work papers and other documents and information (including electronically stored documents and information) prepared by such accountants with respect to the Obligors.

Appears in 1 contract

Samples: Subordinated Notes and Warrant Purchase Agreement (Sheldahl Inc)

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Access to Properties and Inspections. Each Obligor The Obligors shall maintain financial records in accordance with accounting practices and controls sufficient to allow that Obligor the Obligors to prepare the financial statements, certificates and reports required by Section 6.10 hereof; and, upon written notice, at all reasonable times and as often as the Purchasers may reasonably request, permit any authorized representative or agent of any Purchaser to visit and inspect their physical properties and reports and permit any authorized representative or agent of any Purchaser to discuss their affairs, finances and condition with such officers, key employees and independent chartered accountants acting as auditors as the Purchasers shall deem appropriate. Delivery of a copy of this Agreement to the respective independent accountants acting as auditors shall constitute instructions to such accountants to discuss the financial condition of the Company Obligors with the Purchasers and their representatives, and to permit the Purchasers and their representatives to inspect, copy and make extracts from all financial statements, analyses, work papers and other documents and information (including electronically stored documents and information) prepared by such accountants with respect to the Obligors.

Appears in 1 contract

Samples: Subordinated Secured Notes Purchase Agreement (Sheldahl Inc)

Access to Properties and Inspections. Each Obligor The Company shall and shall cause its subsidiaries to maintain financial records in accordance with accounting practices and controls sufficient to allow that Obligor the Company to prepare the financial statements, certificates and reports required by Section 6.10 hereof; and, upon written notice, at all reasonable times and as often as the Purchasers may reasonably request, permit any authorized representative or agent of any Purchaser to visit and inspect their physical properties and reports and permit any authorized representative or agent of any Purchaser to discuss their affairs, finances and condition with such officers, key employees and independent chartered accountants acting as auditors as the Purchasers shall deem appropriate. Delivery of a copy of this Agreement to the respective independent accountants acting as auditors shall constitute instructions to such accountants to discuss the financial condition of the Company with the Purchasers and their representatives, and to permit the Purchasers and their representatives to inspect, copy and make extracts from all financial statements, analyses, work papers and other documents and information (including electronically stored documents and information) prepared by such accountants with respect to the ObligorsCompany.

Appears in 1 contract

Samples: Subordinated Notes and Warrant Purchase Agreement (Sheldahl Inc)

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Access to Properties and Inspections. Each Obligor The Company shall maintain financial records in accordance with accounting practices and controls sufficient to allow that Obligor the Company to prepare the financial statements, certificates and reports required by Section 6.10 hereof; and, upon written notice, at all reasonable times and as often as the Purchasers may reasonably request, permit any authorized representative or agent of any Purchaser to visit and inspect their its physical properties and reports and permit any authorized representative or agent of any Purchaser to discuss their its affairs, finances and condition with such officers, key employees and independent chartered accountants acting as auditors as the Purchasers shall deem appropriate. Delivery of a copy of this Agreement to the respective independent accountants acting as auditors shall constitute instructions to such accountants to discuss the financial condition of the Company with the Purchasers and their representatives, and to permit the Purchasers and their representatives to inspect, copy and make extracts from all financial statements, analyses, work papers and other documents and information (including electronically stored documents and information) prepared by such accountants with respect to the ObligorsCompany.

Appears in 1 contract

Samples: Subordinated Notes and Warrant Purchase Agreement (Sheldahl Inc)

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